1776 Wealth LLC Sells 3,026 Shares of Ford Motor (NYSE:F)

1776 Wealth LLC decreased its position in shares of Ford Motor (NYSE:F) by 22.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,250 shares of the auto manufacturer’s stock after selling 3,026 shares during the period. 1776 Wealth LLC’s holdings in Ford Motor were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of F. Assenagon Asset Management S.A. lifted its position in Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after buying an additional 8,824,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Ford Motor by 456.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock valued at $50,160,000 after purchasing an additional 3,281,800 shares in the last quarter. AQR Capital Management LLC raised its position in Ford Motor by 103.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock worth $60,844,000 after purchasing an additional 2,497,695 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Ford Motor by 1,215.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after buying an additional 2,488,850 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company lowered their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Finally, Barclays lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Trading Down 0.5 %

F traded down $0.06 during trading on Friday, reaching $11.01. 58,895,435 shares of the company’s stock were exchanged, compared to its average volume of 53,920,492. The firm has a fifty day moving average price of $10.79 and a two-hundred day moving average price of $11.51. The stock has a market capitalization of $43.76 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, equities research analysts forecast that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.